Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
勝 獅 貨 櫃 企 業 有 限 公 司
SINGAMAS CONTAINER HOLDINGS LIMITED(Incorporated in Hong Kong with limited liability)
(Stock code: 716) VOLUNTARY ANNOUNCEMENT SHARE REPURCHASE
This is a voluntary announcement made by Singamas Container Holdings Limited (the "Company") to provide its shareholders and potential investors with information in relation to the development of the Company.
Pursuant to the repurchase mandate granted to the board ("Board") of directors ("Directors") of the Company at the annual general meeting of the Company held on 2 June 2015 ("Repurchase Mandate"), the Company purchased 500,000 of its own ordinary shares on 7 September 2015 at the highest and lowest prices of HK$1.05 per share and HK$1.00 per share respectively ("Shares Repurchase"). The aggregate purchase price paid for the Share Repurchase was approximately HK$517,560. The Shares Repurchase represents approximately 0.0207% of the existing total number of issued shares of the Company as at the date of this announcement.
The Board considers that the value of the Company's shares is consistently undervalued. The Board believes that the current financial resources of the Company would enable it to conduct the Share Repurchase while maintaining a solid financial position for the continuation of the Company's business in the current financial year.
By order of the Board Singamas Container Holdings Limited Teo Siong Seng
Chairman and Chief Executive Officer
Hong Kong, 7 September 2015
The Directors as at the date of this announcement are Mr. Teo Siong Seng, Mr. Chan Kwok Leung, Mr. Teo Tiou Seng and Ms. Chung Pui King, Rebecca as executive Directors, Mr. Kuan Kim Kin and Mr. Tan Chor Kee as non-executive Directors and Mr. Cheng Fu Kwok, David, Mr. Lau Ho Kit, Ivan, Mr. Ong Ka Thai and Mr. Yang, Victor as independent non-executive Directors.
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